China’s “re-commerce market” is predicted to reach RMB 1.25 trillion in 2020 as consumers shop for second-hand goods on online marketplaces.
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Posted inWith Chinese Characteristics
VC Liu Bo: The future of second-hand luxuries in China
TechNode spoke to the general manager at TusStar Ventures, which invested in second-hand marketplace Ponhu-Luxury in 2015.
Posted inWith Chinese Characteristics
Digital yuan goes physical, mining rig prices rise: Blockheads
The digital yuan is trialed again in Shenzhen, at ATMs and via a smart card. Crypto mining rig prices soared as Bitcoin hit the $41,000 mark.
Posted inWith Chinese Characteristics
Taobao removes Animal Crossing listings from its marketplace
The removal of Animal Crossing came just days after reports that Hong Kong protestors posted anti-government posters on the game’s simulator.
Posted inUp and Comers
Used car platform Uxin shares plunge after report urges ‘race to the exits’
Its stock price closed at almost one-tenth the value of its $10.49 peak price in December.
Posted inWith Chinese Characteristics
China Tech Investor: 21: Why UXIN’s stock is a lemon with Anne Stevenson-Yang of J Capital Research
Anne and her team at J Cap recently released a report accusing US-listed Chinese second-hand auto sales platform UXIN of fraud.
Posted inWith Chinese Characteristics
China’s NFT market: Who are the major players, and what makes them different?
NFT market is also bustling with new projects in China. That may come as a surprise for people familiar with China’s strict crypto policy.
Posted inWith Chinese Characteristics
INSIGHTS | Markets, not floods, will drown bitcoin miners
Recent floods have washed away remote Sichuan bitcoin mines, but small wildcat miners were already getting washed away by Big Bitcoin.
Posted inWith Chinese Characteristics
China Internet Report 2018: Chinese internet giants are expanding and so is government regulation
China’s internet industry is one of the most active across the globe and as a new report by Abacus, 500 startups, and South China Morning Post shows just why. The China Internet Report 2018 shows that China tech trinity Baidu, Tencent, and Alibaba, collectively known as “BAT”, are expanding their businesses to every corner, ranging from […]
Posted inWith Chinese Characteristics
Ant Group digital yuan tests, Iran’s Chinese miners: Blockheads
Ant Group employees can use the Alipay app for digital yuan transactions in select locations, including the Lujiazui district in Shanghai.
